Midday update for EURUSD 23-01-2018
Economies.com
2018-01-23 12:00PM UTC
The EURUSD pair showed new test to the key support 1.2215 and keeps its stability above it, witnessing signs of bullish pennant pattern that appears on the chart, which means that breaching 1.2270 resistance will provide positive motive that pushes the price to continue the main bullish trend.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by holding above 1.2215 and 1.2165 levels, reminding you that our main targets begin at 1.2345 and extend to 1.2500.
Expected trading range for today is between 1.2200 support and 1.2340 resistance.
Expected trend for today: Bullish
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